Pine Lake Country Club is located in Orchard Lake, MI. The organization was established in 1942. According to its NTEE Classification (N60) the organization is classified as: Amateur Sports, under the broad grouping of Recreation & Sports and related organizations. As of 09/2021, Pine Lake Country Club employed 264 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Pine Lake Country Club is a 501(c)(7) and as such, is described as a "Social and Recreational Club" by the IRS.
For the year ending 09/2021, Pine Lake Country Club generated $8.6m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 7.2% each year. All expenses for the organization totaled $5.6m during the year ending 09/2021. While expenses have increased by 0.3% per year over the past 6 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE SERVICES AND ACTIVITIES FOR THE GENERAL MEMBERSHIP.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE GOLF, FOOD AND BEVERAGE SERVICES AND OTHER ACTIVITIES FOR THE GENERAL MEMBERSHIP
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Gregory J Colombo Chief Operating Officer | 50 | $242,197 | |
Terry Poley Greens Superintendent | Officer | 50 | $188,603 |
Peter J Sarkesian President | OfficerTrustee | 10 | $0 |
Timothy P Finerty Vice President | OfficerTrustee | 10 | $0 |
Robert J Remenar Treasurer | OfficerTrustee | 10 | $0 |
James M Friel Secretary | OfficerTrustee | 10 | $0 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $0 |
Related organizations | $0 |
Government grants | $0 |
All other contributions, gifts, grants, and similar amounts not included above | $0 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
Total Program Service Revenue | $8,307,729 |
Investment income | $253 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | $0 |
Net Income from Fundraising Events | $0 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | -$160,142 |
Miscellaneous Revenue | $0 |
Total Revenue | $8,607,249 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $0 |
Grants and other assistance to domestic individuals. | $0 |
Grants and other assistance to Foreign Orgs/Individuals | $0 |
Benefits paid to or for members | $0 |
Compensation of current officers, directors, key employees. | $242,197 |
Compensation of current officers, directors, key employees. | $0 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $1,030,273 |
Pension plan accruals and contributions | $51,193 |
Other employee benefits | $0 |
Payroll taxes | $391,170 |
Fees for services: Management | $0 |
Fees for services: Legal | $0 |
Fees for services: Accounting | $0 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $0 |
Advertising and promotion | $0 |
Office expenses | $27,753 |
Information technology | $0 |
Royalties | $0 |
Occupancy | $0 |
Travel | $7,412 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $29,690 |
Interest | $133,525 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $680,052 |
Insurance | $703,992 |
All other expenses | $719,205 |
Total functional expenses | $5,579,646 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $3,493,934 |
Savings and temporary cash investments | $0 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $2,379,774 |
Loans from Officers, Directors, or Controlling Persons | $0 |
Loans from Disqualified Persons | $0 |
Notes and loans receivable | $0 |
Inventories for sale or use | $584,433 |
Prepaid expenses and deferred charges | $141,697 |
Net Land, buildings, and equipment | $7,738,624 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $578,649 |
Total assets | $14,917,111 |
Accounts payable and accrued expenses | $1,139,131 |
Grants payable | $0 |
Deferred revenue | $622,480 |
Tax-exempt bond liabilities | $0 |
Escrow or custodial account liability | $0 |
Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
Secured mortgages and notes payable | $3,057,279 |
Unsecured mortgages and notes payable | $0 |
Other liabilities | $791,368 |
Total liabilities | $5,610,258 |
Net assets without donor restrictions | $9,306,853 |
Net assets with donor restrictions | $0 |
Capital stock or trust principal, or current funds | $0 |
Paid-in or capital surplus, or land, building, or equipment fund | $0 |
Retained earnings, endowment, accumulated income, or other funds | $0 |
Total liabilities and net assets/fund balances | $14,917,111 |
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